Axa S.A. Purchases 100,759 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

AXA S.A. lifted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 243.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 142,089 shares of the bank's stock after buying an additional 100,759 shares during the period. AXA S.A. owned 0.10% of Zions Bancorporation, National Association worth $7,708,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth about $73,542,000. Freestone Grove Partners LP acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth approximately $51,116,000. Boston Partners purchased a new position in Zions Bancorporation, National Association during the fourth quarter worth approximately $33,961,000. First Trust Advisors LP boosted its holdings in shares of Zions Bancorporation, National Association by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Zions Bancorporation, National Association by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after buying an additional 285,588 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZION shares. Royal Bank of Canada cut their price objective on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. DA Davidson upped their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods reduced their price target on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $58.76.

Zions Bancorporation, National Association Stock Performance

ZION stock traded down $0.21 during midday trading on Friday, reaching $46.56. The company had a trading volume of 959,393 shares, compared to its average volume of 1,581,401. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $46.46 and a 200 day moving average price of $52.96. The firm has a market capitalization of $6.87 billion, a PE ratio of 9.41, a P/E/G ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. During the same period last year, the company earned $0.96 earnings per share. Analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 33.59%.

Zions Bancorporation, National Association declared that its board has initiated a stock buyback program on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the transaction, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,029 shares of company stock worth $1,855,321 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.